TheScreener - Talaat Moustafa Group Holding (TMGH) For TALAAT MOUSTAFA GROUP, the environment deterioration entails a downgrade to Neutral

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For TALAAT MOUSTAFA GROUP, the environment deterioration entails a downgrade to Neutral

TALAAT MOUSTAFA GROUP (EG), a company active in the Real Estate Holding & Development industry, now shows a lower overall rating. The independent financial analyst theScreener just confirmed the fundamental rating of 4 stars out of 4, as well as the stock market behaviour of the title as moderately risky. However, environmental deterioration penalises the general evaluation, which is downgraded to Neutral. As of the analysis date January 18, 2022, the closing price was EGP 8.97 and its expected value was estimated at EGP 8.63.

19/01/2022 1 EN

Underlying

Talaat Moustafa Group Holding

Talaat Moustafa Group is the a community real estate developer in Egypt, with a land bank of 50 million square meters. Co. is engaged in "community development" through establishing self-sustained residential city and community complexes for the upper and middle classes. Co.'s prominent development projects include Al Rehab City, East of Cairo, and the "Madinaty" project spanning over 33.6 million sqm of land with 600,000 target residents. Co.'s developments also include compounds such as May Fair in Al Shourouk, East of Cairo and Al Rabwa I & II in Six of October City, West of Cairo. Co.'s activities also extend to the hotels and resorts.

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EGS691S1C011 Egyptian Exchange Egypt

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Talaat Moustafa Group Holding: 2Q23 | Stellar Quarter; we raise our FV to EGP22.55 and maintain Overweight

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Talaat Moustafa Group Holding: 1Q23 | Kicking Off the Year Strong

SOLID SALES AND IMPRESSIVE HOTEL REVENUE * TMGH achieved solid 1Q23 sales of EGP12.2 billion, up 127.2% y/y and flat q/q. Other than the EGP12.2 billion, sales made for non-TMGH entities in 1Q23 recorded EGP8.0 billion, for which TMGH receives commissions. * Revenue in 1Q23 reached EGP4.4 billion, up 46.7% y/y and down 25.5% q/q, supported by a 37.8% y/y increase in real estate revenue to EGP2.9 billion, a 106.4% y/y increase in hotel revenue to EGP799.2 million, and a 38.6% y/y increas...

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Talaat Moustafa Group Holding: 4Q22 – A Year of Solid Sales and Earnings

IMPRESSIVE QUARTERLY SALES * TMGH achieved impressive 4Q22 sales of EGP12.2 billion, up 151.0% y/y and 25.8% q/q, bringing FY22 sales to EGP33.2 billion, up 2.6% y/y from FY21 that had witnessed the massive launch of Noor. * Revenue in 4Q22 reached EGP6.0 billion, up 47.6% y/y and down 12.7% q/q, taking FY22 revenue up 29.5% y/y to EGP19.9 billion, supported by a 21.1% y/y increase in real estate revenue to EGP14.7 billion, a 100.0% y/y increase in hotel revenue to EGP2.6 billion, and ...

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For TALAAT MOUSTAFA GROUP, the environment deterioration entails a downgrade to Neutral

Empowering Investors

Talaat Moustafa Group Holding: 2Q23 | Stellar Quarter; we raise our FV to EGP22.55 and maintain Overweight

Talaat Moustafa Group Holding: 1Q23 | Kicking Off the Year Strong

Talaat Moustafa Group Holding: 4Q22 – A Year of Solid Sales and Earnings

AC ENERGY CORP increases its risk exposure and slightly lowers to Neutral

With a more favourable environment, VUKILE PROPERTY improves to Positive

An unfavourable environment weighs on ROYAL BAFOKENG PLATINUM, which sees a downgrade to Slightly Negative

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